GXY Official Thread - Where's the $18M Edition?

It's most likely being brokered

I cant even trade OTC stocks with my brokerage anyways

Get a better broker

I'll have to get a secondary one for just OTCs but I have to find one with decent fees, I only wanna pay a single flat fee per trade like $9.99 etc

Etrade

Can etrade trade GALXF?

Any legitimate broker can. I used to use eTrade but switched to scottrade because of lower trading fees.

Is she goin back up now? Or are we in bull trap phase?

Space Janitor reporting in, 1500 additional shares purchased. Ready to go down with the ship!

OT EHT NOOM!

We're in bull trap phase, lithium is flooding the market and Galaxy is going bankrupt. Sell now before it goes down to nothing in a year's time.

>Galaxy is going bankrupt

Have you even read anything about the company you stupid faggot?

Tse decreased the debt from 200 million to 20 million. Eat shit with your disinfo.

MY MAN!.. hold me.. im scared..

Yeak its fucked sell now Im out several tens of k

Fuck!!!!!!!! Lithium price crashed

Woah calm down, it's a meme you dip

Day traders pumping it- Chartist say dump it

naah the Day traders are manipulating it up for another pump'n'dump meanwhile the chart worshipers a trying to fulfill their own prophecy

Memes that are complete lie should be a ban level offense on Veeky Forums.

>mfw I'm down 850 dollars ..
>mfw I have no face since I blew it off with my shotgun

The Chartist worshipers say its got to bounce off the bottom .30-.20 the daytraders shills NOW want it to go up to .40 so who is gonna win?

put in a buy order for 1cent above you buy price. Or even half a cent above . too many ,manipulators in this stock

I see OP called it with the shitty/speculative graphs.

Yeah, I am dissapoint.

I just want to profit a little.. I'm flying to michigan on sunday and would like to fly first class

Maybe i'll put in a buy when it opens tomorrow morning

so why'd you post the bullshit graph?

Because I don't think it makes any difference.

read this
it is really how many followers of either of these groups that determines a share price

Also OP is strangely absent! since it popped at .49

So whats a good price to bail out for you all lets pick one .38 .39 .40 what I doubt we'll see more than that unles we all bid a sell order in at the highest price .495 ?

SELL gxy AT THIS PRICE .405 .410 .420

\
god fucking damnit IM SO FUCKING BAD AT THIS

I sold when it was at it's lowest on this recent dip because i thought it was going to keep fucking falling and NOW ITS RAISING I JUST HAD TO WAIT TWO MORE FUCKING DAYS AND I'D BE FINE FUCK

did you break even?

Stop basing your decisions on emotions. Most rallies that are not created from good news/ events are temporary pumps, by the time you hear about them and buy you're trying to ride the coattails and the dump is incoming. If you believe the company has fundamentals, wait for the dump and buy in

no. I'm down 800 dollars

...

Put a sell order in for just a bit more than you bought a leave it if you want out.

Chalk it up to a learning experience. Thankfully 800 isn't much.

You know what the biggest failures of traders are? It's that they're loss averse, and this causes them to buy too late and sell too soon.

GXY climbing.. I already sold man. I need to rebuy if I want in.

Yeah.. I made plenty of mistakes during this process, but it's been fun overall and a great learning experience. I will continue to watch this company. Being 800 in the green would have been nice though.

Naah this if the stock goes down today the CHARTIST worshippers will buy in 'cos the chart says so. if the daytraders pumpin it win and it stays where it is or more wait longer till the chartist wins .

if the chartist win then it will dump to a new a low/..vYou think this is the bull trap the huh?

They say it will go up. Apparently the chartist want it to bounce OFF t that low. But pumpin by day traders Fights that. that If you know what I mean?

Don't take my advice word for word., Im probably in the same spot as you.

Hmm not really.. it seems that you're saying that both chartists and day traders want it to go up so how are they fighting one another?

If this is your first time trading, start small fellow Veeky Forums bro. Learn to hold for longer periods. Also don't worry about missing this or that train, opportunities will always come by.

Yes but chartist want it to go down according to their faith in charts before they will be happy it goes up. Its like OCD.

If it does go up, they might probably view it as wave 3 of the elliot wave pattern which is really great.

Chartist won't buy in until the SP matches the charts regardless of all else. Thats just my take on it. no offence to chartists.

Thank you both.. I might buy back in tomorrow then hope for a good weekend. Starting new job on monday so I hope I start with some extra dough..

>-$800
>think i might buy back in at a higher price than what I originally sold at

>you

I learnt that as soon as it goes(in penny stocks) up just sell don't worry about missing out especially with the amount of manipulation its hard to just look at the fundamentals etc

If it continues down this path I only need 1 - 2 days in the positive then i'll be back to my original ammount plus some.

Okay.. Thank you. That's great advice that I wish I had followed because there was a point when I was up 1000 dollars

Just a story.
I bought dbs stocks (SGX:BN4) at 13.89 in March. It then dropped to 13.02 ( my s/l was triggered at 13.30). At this point, most people would have sweared off that stock. But when it went up to 14.24 a few days later, I bought again, and the stock went on to a high of 16 dollars.
(I did have a reason though, because that fundamentally, the stock's NPV was undervalued at under 1, and for banks which have high liquidity, that is like getting a dollar for every 80-90 cents you put in.)
Anyway if anyone do want to buy back, do so in small amounts
t. Shareholder of GXY with 5k shares

me too thats the learning curve .
ive read that the manipulators (hedge funds etc) purposely trigger stop losses in order to do just that.

I mean.. GXY used to be valued at over 2 dollars so I don't see why it wouldn't shoot up to that eventually

Have any ideas as to why it wouldn't?

do you pay tax on gains you make only when you withdraw the money from your account?
>buy gxy at .10 and sell at .40
>take money from selling and buy some other companies shares
would you pay tax in this scenario?

People who have an interest in pushing it down to buy in regardless of fundamentals. Options traders hedge funds etc

Its is subject to capital gains tax in Oz. keep all records of buy and sell your trading platform shuld have this. I am still to lean more about this.

Commsec apparently has a thing that you download and put into etax.
Haven't found it yet.

If you add the amounts spent then minus from the sell amounts (if there is a profit) this is the taxable portion

Oops I meant SGX:D05, BN4 is Keppel Corp

So every trade that profits is taxable regardless of how big or small it is.
So if I turn 100 bucks into 1000 from a pump/dump, I cant invest that entire 1000 into something else?

You can, the money that you get from selling stuff isnt automatically taxed.
You declare what you made/lost at tax time.

No, you can put all of it into another trade but come tax time it will show up as a profit. You don't pay the tax as you go only at the end of the financial year is my understanding.

Likewise if you take that 1000 bucks put it into a stock that loses then sell it that is a loss offsetting the first gain. it all comes out when you tally it all up at the end of June.

Canadian btw
Right now I cant trade OTCs with my current brokerage so thats why I was wondering if I opened a cash trading account for OTCs

Currently I just have a TFSA trading account and I dont have to pay tax on any gains that I make with my trades

i feel like i'm just getting played by the big money guys.. this is probably normal though for small fries..

I wish people would stop saying dumb shit like this. Let me explain why it will never hit $2 a share.

GXY hit $2 per share in September 2009. At that time, they had 76 million shares on issue, giving them a market cap of $152M.

Since then, nearly 7 years have passed, the management and structure of the company have completely changed, and GXY has been issuing lots and lots of shares. So already, you really can't compare then and now.

But, today GXY has 1.3 BILLION shares outstanding, and is currently trading at about $.385 per share.

This gives GXY a market capitalization of $450M.

Today, GXY is three times more valuable than it was in 2009.

If GXY shares were to hit $2 again (assuming no change in equity structure), this would imply a market cap of ~$2.2 billion. This would rank GXY as the 20th largest mining company on the ASX, and be comparable to companies like Northern Star Resources and Oz minerals.

Stop saying it's going to go up to $2. It's really, really not going to.

and here comes the 800K shares to sell at .40

....

Source

Thank you for your wisdom. I'm just such a fucking noob that a lot of this is beyond me. Thanks man

Dont really know if will have an effect

And now you have the Day traders trying to manipulate the SP The Chartists trying to make it fit to the charts and the technical junkies talking it down becasue the figures don't add up put all those together no wonder its stagnating.

>he SP

sorry m8 what does SP stand for?

you're welcome pal.

now stop investing in shit you don't understand just because Veeky Forums told you to.

SHARE PRICE.

Meh.. it was a good learning experience. If I was more experienced in this whole matter I could have profitted! oh well.. hindsight..

anyhow cheers

doh

2 MILLION PLUS SELLING GXY FOR NO LESS THAN .40

LIFT YO GAME MARKET MAKERS

ITS FRIDAY, ITS THE END OF THE MONTH... BEER O'CLOCK SOON.

NOTHING MOVES TILL WE HIT .395

"China and Russia Team Up to Launch the World’s Largest Lithium Ion Battery Plant" inhabitat.com/china-and-russia-team-up-to-launch-the-worlds-largest-lithium-ion-battery-plant/

Already hit.40 today and 10:30am

yes that needs to happen again to break the stalemate.
also Little chance of interest rate cut in Australia. "Avast majority of economists still expect rates to be held steady at a record low of 2.0 percent" hotcopper.com.au/resources/australia-nz-dlrs-firm-vs-usd-but-slip-vs-speedy-yen.6909/#.VyLauDEmG9I

Gold bugs clinging to gold in the event of a rate cut

those interest rates cant last forever, Canada housing market is going to collapse soon too I feel.

back in game, the galactic casino is now open

> Some Czech guy is allegedly making a website
> yes im 2 % away from daylait.com guys

So by your estimation then what is the absolute peak that it can hit?

Been in /biz for about a.month now.... Wtf is daylait, a trading site? Seriously, a place where the serious investors can talk? Wtf is it

Absolute peak? No one knows that.

But on GXY's website there's a bunch of research reports. The most recent one from April 18 gives a price target of $.50, which would give GXY a market cap of about $600m.

Read the report yourself, and you'll see that it's very conservative with its estimates (and rightly so). They are conservative with estimates because a multitude of things could go wrong at any given time.

It's possible that everything goes better than forecast, and in 2017 GXY announces a $40M profit (at $.5 per share, this would give a P/E of ~10) and an accompanying share buyback. A few years of excellent year on year growth and aggressive share buybacks, and you just might see a $2 share price.

It's also possible that all these new entrants into the market could drive down the price of lithium, or the high price of lithium results in the development of alternative technologies, or it could be as simple as GXY being screwed over by their customers, and even with a running mine things just aren't that great or profitable at all, and the share price just stagnates forever.

no not trading, I will summarize everything about gxy/biz, look up for news, curate all the info + there will be articles/discussion about possibly other related stocks